Vimeo posts solid session with 2.39% gain; upside capped at $3.88

A quick look at today: the US video hosting and sharing platform went up to $3.85, gaining 2.39%.

• Today's trading volume was 1.30 million shares which is lower than the 21-day average of 2.11 million.

With around 3 days until market open on the NASDAQ, today's session saw to it that Nasdaq goes up 2.19% before ending the session at 12,976. Vimeo's gains were in line with the Technology sector which was up 0.534% as a whole.

The US video hosting and sharing platform has fallen back around 57.89% from the significant high of $8.93 set 11 months ago. So far this year, it has been doing worse than the Nasdaq by 8.47%. Vimeo's market cap currently stands at $638.28 million with an average daily volume of 2.11 million shares. Vimeo has a forecast of $102 million with an EPS of -14 cents.

A look at other technology stocks also showed bullish price action as Intel traded at $29 after closing today's trading day at $27.4 (up 5.84%). Qualcomm traded at $110.35 after closing today's trading day at $104 (up 6.09%). Accenture plc Class A (Ireland) traded at $303.6 after closing today's trading day at $291.76 (up 4.06%).